Applying Discounts (Intacct)

The discount feature allows you to apply available discounts to payments processed through the MUFG Connect, and the payment request sent to the bank will automatically reflect the discount amount.

Applying Discounts

When paying a bill, you can apply the discount terms set in native Sage Intacct. Discount terms cannot be applied to bills that are only partially paid.

To successfully apply a discount, you must meet one of the following two conditions:

You are paying the bill in full with a single payment (this payment can be part of a combined payment run).

You are making the final payment on the bill. The discount can be applied only if this final payment clears the remaining amount due on the bill.

Please refer to the "i" icon in the Discounts and To Pay columns for explanations of the expected behavior.

Follow these steps to apply discounts to a payment.

Set Payment Terms

Start by creating the discount terms for the payment within native Sage Intacct.

Go to Accounts Payable → Bills to create or edit a bill.

Go to Bills

Open a bill and select Terms. Enter the discount term you would like to use from the dropdown menu.

Update Discount Terms

Pay with Discounts

Go to Payments. Use the filters to find the bills you would like to pay.

Go to Payments

The discount associated with that bill will auto-populate in the Discounts column and apply to the bill by default.

View Discounts

The To Pay column is the Amount Due minus the Discounts (calculated based on the terms and dates set on the bill) minus any additional credits applied.

Select the payment method and pay your bill as usual.

Removing a Discount

If you want to pay a bill that has an applied discount term but choose not to use the discount, you have two options:

Remove the Discount from Intacct

Navigate to Account Payables → Bills in native Intacct.

Select the bill you wish to modify.

Remove Discount Term

Ensure the term dropdown is left blank. This action effectively removes the discount term from the bill record.

Temporarily Ignore the Discount

In the plugin's Payments page, simply unselect the Apply button next to the bill.

An orange notification text will appear, explaining that the bill is eligible for a discount.

NOTE: If you navigate away from or refresh the Payments page, the Apply checkbox will be automatically rechecked.

Update Discount as of Date

Modify the Discount as of date before making the payment, to ensure discounts are applied appropriately.

To update the Discount as of date, follow these steps.

Locate Discount as of Date

Click on the Discount amount (in blue). This will open a pop-up where the discount as of the date will be modifiable.

Edit Discount as of Date

Now, edit the Discount as of date and save.

Make sure the Apply checkbox is checked and pay your bill as usual.

Please note that if a date after the discount cut-off date is selected, the discount will be $0.

Change discount as of date

FAQs

The plugin always reflects exactly what is in the bill on native Intacct. If you have updated the bill, and it is not yet updated in the Payments page, wait 30 seconds and refresh the plugin; the bill should then be updated.

Discount terms cannot be applied to partially paid bills. To benefit from discounts, you have to either:

Be paying the bill in full in one payment

Be paying the last payment on the bill. If there is no amount due left on the bill (after that last payment), you can apply the discount.

Please refer to the hover "i" in the Discounts and To Pay columns explaining the expected behavior.

The discount as of date is the date at which the discount is processed.

Grace Days are a native Sage Intacct field that define the number of days after an invoice’s due date before late charges are applied to a vendor bill.

Grace Days are currently not supported.

The plugin always reflects exactly what is on the bill in native Intacct. If you have updated the bill, and it is not yet updated in the plugin Payables page, wait 30 seconds and refresh the plugin; the bill should then be updated.

If the bill is paid in full, the plugin will apply the discount proportionally, split between each line item.

If the bill is paid in installments, the discount will be applied to the last line item of the last payment (the discount will not be used before the bill is paid in full).

Intacct uses the payment date to determine discount eligibility. If the payment date is after the discount cut-off date, the discount will not be applied, regardless of the "discount as of date." The plugin does not follow this behavior.

Example: If a vendor bill has a discount deadline of March 10th and the payment is dated March 11th, Intacct will not apply the discount. However, the plugin would still apply the discount if the "discount as of date" was on or before March 10th.

Furthermore, when processing a partial payment via native Intacct, discounts cannot be utilized. In contrast, the plugin can send a partial payment with the discount applied.